Saying that such funds often exist in countries that are ruled by dictators, DPP Legislator Wang Sing-nan (王幸男) criticized the idea of setting up a sovereign wealth fund as “illogical.”
The KMT should use its party assets to establish the sovereign fund if the government is determined to do it, he added.
KMT caucus deputy secretary-general Yang Chiung-ying (楊瓊櫻) said the KMT “legitimately” owns its assets.
In related news, Premier Liu Chao-shiuan (劉兆玄) yesterday said the government was expected to relax some 100 investment regulations by the end of this year, but he did not elaborate.
During an address to an assembly of the Chinese International Economic Cooperation Association in Taipei, Liu said the government had eased 44 regulations related to cross-strait trade and the finance and tax systems.
He said the government hoped to create a more open investment environment in a bid to lure foreign investment.
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